26 minutes ago

Sterling Accuris has launched Accuris Express, a home diagnostic sample collection service that promises priority sample collection within 30 minutes across Ahmedabad. The service, introduced in the past week, allows users to book eligible diagnostic tests through the company’s website and mobile application and receive home visits from trained phlebotomists. Initially available in select locations across Ahmedabad, the offering is expected to be expanded across Gujarat in phases. The launch comes amid growing demand for on-demand healthcare services and reflects changing consumer expectations around convenience, speed and doorstep delivery. Sterling Accuris said the initiative is aimed at improving access to diagnostic testing while maintaining established standards of clinical accuracy, safety and hygiene.Read more

56 minutes ago

• A recent survey has reportedly identified new buildings, boundary walls and other structures on protected forest land in Anangpur despite earlier court directives and administrative action.
• The findings have renewed concerns over continued encroachment in ecologically sensitive areas that have been the subject of legal disputes for years.
• Previous assessments had already documented thousands of unauthorised structures spread across deemed forest land in the region.
• The latest developments have raised questions about the effectiveness of enforcement measures aimed at safeguarding protected land from illegal construction.Read more

1 hour ago

Industry bodies and business leaders have welcomed the West Bengal government's first full budget, citing proposals related to land reforms, infrastructure development, industrial incentives and emerging technology sectors as measures that could improve the state's investment climate. Key announcements include a review of the Urban Land (Ceiling and Regulation) Act, 1976, a proposed deep-sea port at Dadanpatrabarh, a greenfield airport near Kalyani, logistics infrastructure projects and incentives for sectors such as semiconductors, artificial intelligence, defence manufacturing and renewable energy. Industry representatives said the measures address longstanding concerns relating to land availability, project execution and business facilitation, while creating opportunities for manufacturing, logistics, real estate and technology-led investments across the state.Read more

1 hour ago

Australia’s housing market is showing signs of a significant shift after the government announced major tax reforms aimed at improving housing affordability for first-home buyers. Auction clearance rates have dropped to their lowest levels since the pandemic, while property investors are reassessing expansion plans amid concerns over falling property values. The reforms include the removal of capital gains tax concessions and restrictions on negative gearing for existing housing from July 2027. Market analysts expect house prices in major cities such as Sydney and Melbourne to decline further, raising questions about whether the downturn is a temporary correction or the beginning of a longer structural change.Read more

2 hours ago

• Kanpur District Magistrate Jitendra Pratap Singh reviewed the progress of the under-construction Sacholi Ghat bridge and directed officials to speed up the remaining work.
• The bridge is expected to strengthen road connectivity and reduce travel challenges for residents in nearby villages and surrounding areas.
• Officials were instructed to maintain construction quality while ensuring that project timelines are met.
• The review is part of ongoing monitoring of key infrastructure projects across the district.
• Once operational, the bridge is expected to improve movement of people, goods and services while supporting local economic activity.Read more

2 hours ago

• JSW Infrastructure has initiated a Qualified Institutional Placement (QIP) alongside a promoter stake sale, with the combined fundraising exercise expected to be worth about INR 7,500 crore.
• The company has set a floor price of INR 290.35 per share and opened the issue for institutional investors after securing necessary board and shareholder approvals.
• Proceeds from the fresh equity issue are expected to support expansion plans, strengthen the balance sheet and fund future infrastructure investments.
• The transaction also includes an offer for sale by the promoter group, aimed at improving market liquidity and broadening institutional ownership.Read more

3 hours ago

The Himachal Pradesh government has signed implementation agreements for 19 hydropower projects with a combined generation capacity of 278 MW and an estimated investment of around INR 3,336 crore. The projects were formalised during the current year as part of the state’s efforts to expand renewable energy generation and utilise its hydropower resources. The government has also cancelled allocations for 15 projects due to a lack of progress by developers and plans to invite international bids for their implementation. The announcement comes as Himachal Pradesh continues to advance multiple hydroelectric developments, with several projects under construction and hundreds more at various stages of approval across the state.Read more

3 hours ago

Steel and mining major ArcelorMittal has entered into a strategic collaboration with Amazon Web Services (AWS) to accelerate automation and digital transformation across its global manufacturing operations. Announced in the past week, the partnership will integrate AWS cloud, artificial intelligence and edge computing technologies into ArcelorMittal’s production processes to improve operational efficiency, asset reliability, workplace safety and energy performance. The company plans to deploy AI-enabled applications including predictive maintenance, computer-vision quality control and digital twins across its facilities worldwide. AWS will also develop a training programme for ArcelorMittal’s workforce to support digital adoption. Alongside the technology partnership, Amazon has signed a multi-year agreement to source lower-carbon structural steel from ArcelorMittal for its facilities and AWS data centres across Europe and the United Kingdom, supporting its decarbonisation objectives.Read more

4 hours ago

The National Bank for Agriculture and Rural Development (NABARD) has appointed G Ramesh Kumar as the Chief General Manager of its Assam regional office. Kumar succeeds Loken Das and has assumed charge with immediate effect. With more than three decades of experience in banking and finance, Kumar has worked extensively in rural and development banking, project finance and corporate debt financing. Prior to his posting in Assam, he headed NABARD’s Business Operations vertical for over four years. He has also held leadership positions at NABSAMRUDDHI Finance and NABCONS, contributing to financial sector development, consultancy assignments and institutional strengthening initiatives across the banking ecosystem.Read more

4 hours ago

Indian Railways is preparing for increased fly ash transportation as stricter environmental regulations require coal- and lignite-based thermal power plants to achieve 100% utilisation of the by-product. Railway officials expect the mandate to generate significant freight volumes, with fly ash widely used in cement manufacturing, road construction and other infrastructure activities. The development could create a new cargo segment for Railways while supporting compliance with environmental norms and facilitating the movement of industrial materials between power plants and consumption centres across the country.Read more

5 hours ago

Building materials group CRH has agreed to acquire US-based infrastructure products and construction materials company Arcosa in an all-cash transaction valued at approximately USD 8.5 billion. Announced in the past week, the deal will see CRH pay USD 150 per share, representing a premium to Arcosa’s recent trading levels. The acquisition strengthens CRH’s position in the North American infrastructure and aggregates market while expanding its exposure to energy transmission, utility infrastructure and data centre-related development. Headquartered in Dallas, Arcosa operates a substantial network of quarries, asphalt plants and terminals across the United States and supplies critical infrastructure products for power transmission projects. Subject to shareholder and regulatory approvals, the transaction is expected to close during the first quarter of 2027 and is projected to generate cost synergies over the following three years.Read more

5 hours ago

Rail Vikas Nigam Limited has received a Letter of Award from NMDC Limited for setting up buffer stockpiles and a blending yard with a 10 MTPA handling capacity at Vizag, Andhra Pradesh, the company disclosed to stock exchanges on 20 June 2026. The contract, valued at INR 2,977 crore inclusive of 18 per cent GST, is to be executed over a 42-month period. RVNL confirmed that the work falls within its normal course of business and does not constitute a related party transactionRead more

Mumbai News Desk

6 hours ago

• Several luxury homeowners in Mumbai have alleged that interior design and fit-out firms collected large advance payments but failed to complete projects as promised.
• Homeowners claim work was delayed for months, abandoned midway, or delivered in an incomplete condition despite substantial payments being made.
• Many affected residents have approached legal authorities, consumer forums and police officials seeking recovery of funds and accountability.
• The issue has highlighted concerns over the lack of regulation in the interior design and home fit-out sector compared to the real estate industry.
• Experts say the disputes underline the need for stronger contracts, milestone-based payments and greater transparency in luxury home interior projects.Read more

24 Jun 2026

Adani Mundra Airport has commenced commercial passenger operations with the arrival of its first flight from Goa, marking a significant step in enhancing connectivity for Gujarat's Kutch region. Through a partnership with Star Air, the airport has launched eight new flight services linking Mundra with key cities across India. The development is expected to strengthen trade, logistics, business travel and tourism while supporting the growth of Mundra Port and Mundra SEZ. The airport also expands the Adani Group's aviation network and strengthens integration between its port, logistics and airport infrastructure businesses.Read more

24 Jun 2026

Union Railway Minister Ashwini Vaishnaw has flagged off the new Bikaner (Lalgarh)-Ahmedabad (Sabarmati) Special train from Bikaner, introducing a direct rail link aimed at improving connectivity between key districts of Rajasthan and Gujarat. The service, launched in the past week, is expected to support passenger movement, trade, tourism and regional economic activity across the two states. During the inauguration, the minister highlighted that railway projects worth more than INR 76,800 crore are currently under implementation in Rajasthan, alongside station redevelopment works under the Amrit Station Scheme. The new train will serve districts including Ahmedabad, Mehsana, Patan and Banaskantha in Gujarat, and Jalore, Balotra, Jodhpur, Nagaur and Bikaner in Rajasthan. The launch forms part of Indian Railways’ broader efforts to expand connectivity and infrastructure across the region.Read more

24 Jun 2026

The Ministry of Labour and Employment has scheduled the hearing of 178 long-pending worker-related claim cases involving the Delhi Metro Rail Corporation (DMRC) as part of a nationwide drive to accelerate the resolution of labour disputes. The hearings will be conducted on 24 June by the Regional Labour Commissioner (Central), New Delhi, acting under the Code on Wages, 2019. The cases have been grouped for focused disposal under a special campaign running from 1 June to 31 August. The ministry said the initiative aims to reduce case pendency through cluster-based hearings, improve administrative efficiency and ensure quicker delivery of justice to workers involved in long-standing labour claims.Read more

24 Jun 2026

• K2 Infragen has secured a Hybrid Annuity Model (HAM) contract worth INR 390.91 crore for a rural roads development project in Telangana.
• The project will involve the upgradation and maintenance of road infrastructure aimed at improving connectivity across rural areas of the state.
• The order adds to the company's infrastructure portfolio and enhances its presence in the roads and highways segment.
• The award reflects continued government investment in rural transport networks and long-term infrastructure development through the HAM framework.Read more

24 Jun 2026

Heriot REIT Ltd has announced plans to acquire a 75% interest in Katleho Property Investments Proprietary Limited (KPI) in a transaction valued at INR 128.9 million. The acquisition will be settled through the issuance of approximately 5.6 million ordinary shares by Heriot REIT at a price of INR 23.00 per share. The company has also distributed a circular to shareholders in accordance with Section 60 of the Companies Act. The proposed deal forms part of Heriot REIT’s ongoing portfolio and investment strategy and remains subject to the relevant corporate processes.Read more

24 Jun 2026

Interio, the furniture business of Godrej Enterprises Group, reported revenue of INR 4,000 crore in FY26, registering a 12% year-on-year increase driven by retail expansion, new product launches and growth in online sales. The company expanded into 100 new cities during the year, while products introduced recently contributed 22% of overall revenue. Looking ahead, Interio is targeting 25% revenue growth in FY27 and plans to add 102 stores, with a particular focus on North and East India. The company also expanded its delivery network to more than 20,000 pin codes, entered the outdoor furniture segment and launched a dedicated gaming furniture range as part of its portfolio diversification strategy.Read more

24 Jun 2026

India’s eight core infrastructure sectors recorded a growth of 0.5% in May, marking the slowest expansion in seven months, according to government data released on 22 June. The moderation was driven by lower production across coal, crude oil, natural gas, refinery products and fertilisers. The growth rate was lower than the 1.8% recorded in April and 1.2% in the corresponding month last year. During the first two months of FY2026-27, cumulative growth in the core sectors remained at 1.1%. The latest data points to continued pressure on key industrial segments that form the backbone of the country’s infrastructure and manufacturing activity.Read more

24 Jun 2026

Chhattisgarh Chief Minister Vishnu Deo Sai has inaugurated and laid foundation stones for 333 development projects valued at more than INR 510 crore in Rajnandgaon district, while reiterating the state government's focus on farmer welfare, rural development and public service delivery. Addressing a gathering of progressive farmers, the Chief Minister highlighted measures aimed at crop diversification, agricultural support and governance reforms. He announced that farmers shifting from paddy cultivation to pulses, oilseeds and other crops under the Krishak Unnati Yojana would receive input assistance of INR 15,000 per acre from the kharif 2026 season. The event also saw the signing of an agreement for soybean procurement from local farmers and recognition of agricultural extension workers and progressive cultivators.Read more

24 Jun 2026

Accenture has leased 10.16 lakh sq ft of office space at Aparna Technopolis in Kondapur, Hyderabad, under a 10-year agreement, reflecting continued demand from multinational occupiers and Global Capability Centres (GCCs) in India’s office market. According to data reviewed by CRE Matrix, the lease agreement between Aparna IT Hub LLP and Accenture Solutions Pvt Ltd was registered on 10 June. The office space has been leased in two phases at a rental rate of INR 74 per sq ft, with the combined starting monthly rental commitment exceeding INR 7 crore. The transaction is among the larger office leasing deals in Hyderabad and highlights sustained occupier interest in premium commercial assets across key technology markets.Read more

24 Jun 2026

Prisma Properties has completed a land swap agreement with the municipality of Uppsala, paving the way for a new Lidl store development in the Gränby area. The company has also secured a 10-year lease agreement with Lidl for the upcoming store, providing long-term occupancy for the project. The transaction forms part of Prisma Properties' retail-focused development strategy and strengthens its presence in Sweden's growing commercial real estate market. The development is expected to contribute to the expansion of retail infrastructure in Uppsala while supporting continued demand from major grocery operators.Read more

24 Jun 2026

• The Bombay High Court has upheld the right of housing societies in Vile Parle to obtain deemed conveyance despite a developer's objections linked to possible future TDR benefits.
• The court held that speculative development rights arising from future land acquisition cannot be used as grounds to delay conveyance obligations.
• Judges observed that developers cannot indefinitely postpone transfer of land by citing potential future FSI or redevelopment opportunities.
• The ruling reinforces housing societies' rights under MOFA and clarifies the limits of a developer's claim over future development potential.Read more

24 Jun 2026

• Ahmedabad Municipal Corporation (AMC) has introduced a property tax waiver scheme for commercial properties that make their parking spaces available to the public free of charge.
• The initiative aims to address parking shortages, reduce roadside parking and improve traffic movement across the city by utilizing existing private parking infrastructure.
• Malls, hotels, hospitals, educational institutions, theatres, gyms, party plots and other non-residential properties can avail of the benefit subject to compliance with AMC norms.
• Property owners will have to register their parking spaces, disclose parking capacity and allow public access through AMC's designated system.
• The move forms part of Ahmedabad's broader urban mobility and traffic management strategy as vehicle ownership and parking demand continue to rise.Read more

Mumbai News Desk

24 Jun 2026

More than 160 farmers and landowners in Raigad district have consented to land acquisition for MMRDA’s proposed Third Mumbai project. The acquisition covers 124 villages across Uran, Panvel and Pen talukas within the 323.44 sq km Karnala-Sai-Chirner New Town area. Landowners are being offered compensation through cash, TDR, FSI or developed land. The project is planned near major infrastructure assets including Navi Mumbai International Airport and Atal Setu, with MMRDA leading the development process.Read more

24 Jun 2026

Traveltechnology platform ixigo has launched a limited-period campaign offering Delhi Metro commuters two free metro tickets every month through the ixigo Trains app. The initiative became available on 21 June and is open to both new and existing users. Under the scheme, commuters can claim two complimentary metro tickets each month, with a maximum value of INR 100 per ticket. The company said the offer is aimed at making daily travel more affordable while encouraging greater use of the Delhi Metro network during the summer season. The campaign forms part of ixigo’s wider strategy to integrate public transport services into its travel ecosystem and expand convenience-led mobility solutions for urban commuters.Read more

24 Jun 2026

Coworking operator Innov8 has acquired Vatika Business Centres, adding 11 managed workspace facilities across New Delhi, Gurugram, Chennai, Bengaluru, Hyderabad, Noida and Pune to its portfolio. While the financial details of the transaction were not disclosed, the acquisition expands Innov8’s footprint in key commercial markets amid growing demand for flexible and managed office solutions. The deal brings Vatika Business Centres’ enterprise-focused workspace network under Innov8’s direct management. Both companies indicated that the integration would support business expansion, strengthen service offerings and enhance technology-led workspace solutions for occupiers seeking premium flexible office space across major Indian cities.Read more

24 Jun 2026

RL Commercial REIT (RCR) has approved a property-for-share swap transaction with its sponsor, Robinsons Land Corporation, involving six mall assets valued at PHP 10.62 billion. Under the deal, Robinsons Land will subscribe to 1.29 billion new common shares of the REIT at PHP 8.25 per share. The transaction is expected to expand RL Commercial REIT's asset portfolio and strengthen its retail property exposure. In a separate development, Sweden-based Prisma Properties completed a land swap in Uppsala and secured a long-term lease agreement with Lidl for a new retail store in the Gränby area.Read more

24 Jun 2026

• NCP (SP) has opposed a proposed 54-acre data centre project in Thane, citing concerns over water availability and environmental impacts.
• The party claims the facility could intensify the region's recurring water shortages and pose health risks to nearby residents.
• Leaders have questioned the approval process and called for the state government to withdraw clearances granted to the project.
• The controversy highlights the growing challenge of balancing digital infrastructure expansion with local resource constraints.Read more

24 Jun 2026

Russia’s residential real estate sector is facing mounting pressure as the withdrawal of state-backed mortgage subsidies and elevated borrowing costs weigh on developers and homebuyers alike. The slowdown has led to delays in housing deliveries, rising financial stress among builders, and growing frustration among buyers waiting for possession of their homes. The situation is evident at Moscow’s Ostafyevo housing project, where several purchasers have taken legal action against developer Samolet over repeated delays. The broader downturn is also affecting Russia’s economy, with construction activity weakening despite continued launches of new housing projects.Read more

24 Jun 2026

Hilton has introduced its premium economy brand, Spark by Hilton, in the Asia Pacific region with the opening of two hotels in Bengaluru and Goa. The launch forms part of the company's partnership with Olive Hospitality to develop 150 Spark by Hilton properties across India. Introduced globally in 2023, the brand has expanded rapidly across key international markets. Hilton said the new hotels are designed to meet the needs of value-conscious travellers while maintaining the company's established service standards. The move also reflects Hilton's growing focus on India's expanding hospitality market.Read more

24 Jun 2026

Uganda has secured approval for a EUR 650.7 million loan from the Islamic Development Bank (IsDB) to support the development of its standard gauge railway project. The railway, valued at EUR 2.7 billion, is a key infrastructure initiative aimed at improving regional connectivity and trade. The project has already attracted support from international lenders, including the World Bank and the African Development Bank. Once completed, the railway will connect Uganda to Kenya’s rail network and provide access to the Port of Mombasa, a critical gateway for the country's imports and exports.Read more

24 Jun 2026

The Brihanmumbai Municipal Corporation (BMC) plans to build a mini pumping station at the Maharashtra Nagar subway in Mankhurd to address recurring monsoon flooding that disrupts traffic and connectivity. The low-lying underpass frequently experiences waterlogging during heavy rainfall, prompting repeated closures and diversions. BMC has initiated the tendering process for the project, which is intended to improve stormwater drainage, reduce flood-related disruptions and strengthen monsoon resilience at one of the eastern suburb’s chronic flooding hotspots.Read more

24 Jun 2026

Real estate technology and services platform Square Yards has raised INR 900 crore through a combination of debt and equity to support business expansion, strengthen its balance sheet, and refinance existing debt. The funding round was led by EAAA Alternatives, with participation from global corporate credit manager Muzinich & Co. Sources indicated that the latest fundraise values the company at over USD 1 billion, helping it enter the unicorn club. The capital infusion comes as Square Yards prepares for a future IPO and builds on a year of strong revenue growth and improved profitability.Read more

24 Jun 2026

• Gurugram is planning a new construction and demolition (C&D) waste processing plant, expected to become operational by 2027.
• The facility will help manage rising volumes of construction waste generated by the city's rapid residential, commercial and infrastructure development.
• Civic authorities aim to reduce illegal dumping of debris and improve recycling of construction materials.
• The project will complement the existing Basai C&D waste plant, which has been handling construction waste for several years.
• The initiative is part of broader efforts to strengthen sustainable urban development and waste management infrastructure in Gurugram.Read more

24 Jun 2026

• The Registrar General of Firms and Societies, Haryana, has ruled that RWAs cannot stop essential services such as water, electricity, lifts, sanitation and security to recover maintenance dues.
• The order was issued while deciding a dispute in a Gurugram housing society and is expected to impact residential communities across the state.
• Authorities clarified that RWAs must use legal mechanisms to recover outstanding payments instead of restricting basic amenities.
• The ruling strengthens recent regulatory efforts in Haryana aimed at preventing coercive recovery practices in housing societies.
• The decision provides greater clarity on the rights of residents and the responsibilities of Resident Welfare Associations.Read more

24 Jun 2026

Pune's luxury housing market is rapidly expanding beyond its traditional hotspots, with several emerging micro-markets attracting affluent homebuyers and investors. Driven by infrastructure upgrades, improved connectivity, premium residential launches and growing demand from high-income professionals, these neighbourhoods are redefining luxury living in the city. From riverfront developments and golf-course communities to upscale residential corridors near IT hubs, these locations are becoming the preferred destinations for luxury homebuyers seeking space, exclusivity and long-term appreciation potential.Read more

24 Jun 2026

PLDT Inc. has announced plans to launch what could become the Philippines’ first real estate investment trust (REIT) backed by digital infrastructure assets. Through its subsidiary VITRO Inc., the company aims to raise up to PHP 24.20 billion (USD 398.70 million) via an initial public offering. The proposed REIT will be supported by a portfolio of eight operational data centres across the country. The proceeds are expected to support debt repayment and other corporate requirements, while also highlighting the growing importance of data centre infrastructure in the Philippines' expanding digital economy.Read more

24 Jun 2026

NTPC is pursuing partnerships with nuclear technology providers from France, Russia and the United States as it develops a 30 GW nuclear power programme through its subsidiary, NTPC Parmanu Urja Nigam Limited. The initiative supports India’s target of expanding nuclear generation capacity to 100 GW by 2047. The company is evaluating a mix of indigenous and imported reactor technologies, including small modular reactors, while exploring localisation, supply-chain development and long-term project frameworks to strengthen the country’s nuclear energy infrastructure.Read more

24 Jun 2026

Telangana is increasing its agricultural warehousing capacity to accommodate rising crop production and procurement volumes across the state. The initiative includes the construction of new godowns and expansion of existing storage infrastructure to strengthen post-harvest logistics and commodity handling. Driven by higher agricultural output and expanding irrigation coverage, the programme aims to improve storage management and support procurement operations. State authorities view warehousing infrastructure as a key component of the agricultural supply chain and rural logistics network.Read more

24 Jun 2026

• More than 100 real estate developers have expressed interest in launching residential projects in Prayagraj, with nearly 2,000 flats expected to be developed across the city.
• The interest follows a developer outreach initiative by the Prayagraj Development Authority (PDA), aimed at attracting private investment into the city's housing sector.
• Rising housing demand, urban expansion plans, and ongoing infrastructure improvements are encouraging developers to explore new residential opportunities.
• Several large-scale housing projects, including affordable housing schemes and township developments, are already being planned in emerging growth corridors.
• The proposed projects are expected to increase housing supply and strengthen Prayagraj's position as an emerging residential real estate market in Uttar Pradesh.Read more

24 Jun 2026

Egypt-based Midar and UAE developer Majid Al Futtaim have entered into a strategic partnership to develop a large-scale mixed-use project in Cairo with an investment of USD 3.1 billion. The development will span 553 feddans, or about 574 acres, and include residential, commercial and tourism components. According to Midar, the project is expected to generate between 200 billion and 250 billion Egyptian pounds in revenue over the next 15 to 20 years. The agreement reflects continued investor confidence in Egypt’s urban development sector and the growing role of regional partnerships in large-scale real estate projects.Read more

24 Jun 2026

• Haryana has launched a fresh survey of built-up areas within land protected under the Punjab Land Preservation Act (PLPA) in the Aravali region.
• The exercise will record only existing structures and is intended to prevent new construction claims from being added during the process.
• The survey is expected to help authorities identify legitimate settlements, improve land records, and support environmental protection efforts.
• The move comes amid continued action against illegal construction and encroachments in ecologically sensitive Aravali zones.
• Findings from the survey could influence future land-use planning, conservation measures, and regulatory decisions across the region.Read more

Mumbai News Desk

24 Jun 2026

Hotels across Mumbai have introduced water conservation measures as the city faces concerns over water availability and reservoir levels. Several establishments have suspended jacuzzi operations, regulated laundry services and encouraged guests to reduce linen and towel replacement frequency. The measures form part of broader efforts to curb consumption and ease pressure on urban water infrastructure. Industry stakeholders are also monitoring water use across hotel operations while supporting civic initiatives aimed at managing demand and conserving available water resources.Read more

24 Jun 2026

The Centre is planning to establish seven defence manufacturing clusters across India with support from IITs to strengthen domestic industrial capabilities and research-led production. The proposed clusters will connect manufacturers, start-ups, research institutions and government agencies through dedicated innovation and manufacturing ecosystems. Aligned with the industrial strengths of individual states, the initiative aims to support product development, testing, technology transfer and skill creation. The programme forms part of the government's broader effort to expand indigenous defence manufacturing infrastructure and supply chains.Read more

24 Jun 2026

Prime Minister Narendra Modi and President Droupadi Murmu jointly inaugurated and laid foundation stones for development projects worth over INR 47,600 crore at Rairangpur in Odisha's Mayurbhanj district on 20 June 2026, marking the completion of two years of the Mohan Charan Majhi-led state government. The event saw 60 projects inaugurated and 12 foundation stones laid across energy, industrial infrastructure, roads, drinking water, healthcare, education, tourism, and irrigation. Major announcements included the INR 25,000 crore Bharat Coal Gasification and Chemicals Limited project at Jharsuguda and railway multi-tracking works worth over INR 732 crore.Read more

24 Jun 2026

• Maharashtra is expected to discuss the proposal for vertical property cards for apartment owners during the upcoming assembly session after the framework completes legal scrutiny.
• The proposed system aims to provide flat-wise ownership records within the official land records framework, addressing a long-standing gap in urban property documentation.
• Each apartment could receive an individual property record containing ownership details, area specifications, land share and encumbrance information.
• The move is expected to improve transparency in property transactions, loan processing, redevelopment projects and inheritance-related transfers.
• If implemented, the initiative could become a significant reform in Maharashtra's property record system and set a precedent for other states.Read more

24 Jun 2026

• CREDAI has supported the proposal to reclassify parts of Visakhapatnam's coastline from CRZ-III B to CRZ-II, citing rapid urbanisation and infrastructure growth in the region.
• The industry body believes the move could help planned real estate development, tourism projects, and investment activity along the coastal corridor.
• Andhra Pradesh authorities have argued that the existing CRZ classification no longer reflects the current development status of the Madhurawada-Bheemunipatnam stretch.
• Several major projects, including the Beach Corridor, Bhogapuram Airport connectivity plans, metro proposals and the Vizag Bay City initiative, have been cited in support of the reclassification.
• Environmental groups, however, have raised concerns over the possible impact on coastal ecosystems, erosion control, and climate resilience.Read more

24 Jun 2026

The National Housing Bank (NHB) is examining alleged loan classification lapses at Aavas Financiers following an inspection that reportedly flagged irregularities involving loans worth around INR 400-500 crore. The regulator has sought clarifications from the housing finance company, while Aavas has maintained that the observations relate to differing interpretations and are not expected to materially impact its financial position. The development triggered a decline in the company's share price amid concerns over asset quality and regulatory compliance in the housing finance sector.Read more